3701 2nd St #320CoralvilleIA52241
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Coralville at 3701 2nd St #320, Coralville, IA, 52241 offers a 20.02% rental yield on a $101,900 purchase with $1,700/mo rent. Total monthly income registers $1,700/mo, and a $499/mo payment leaves $1,038/mo available for distribution. Annual cash flow reaches $12,456/yr on $33,780 to close, and return on cash invested stands at 56.78% in year one. Equity gained on principal adds $658/yr while 5% annual appreciation supports $28,153 over five years. Portfolio math shows five-year ROI at 300.96% and total cumulative return in cash at $101,664. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,700/mo property income against a $499/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52241, Coralville, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,374 (100%) |
| Owner Occupied HU | 5,016 (44.1%) |
| Renter Occupied HU | 5,403 (47.5%) |
| Vacant Housing Units | 955 ( 8.4%) |
| Median Home Value | $323,538 |
| Average Home Value | $376,400 |
Housing Distribution
Address Breakdown
Residential
11,183
Single Family
7,185
Multi-Family
3,998
Businesses
1,149
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Listed by: N/A • Western Hills
Mls Name: Western Hills
Mls ID: #N/A